PAYROLL ADMINISTRATION
"An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage." - Jack Welch quote
Managed Payroll Administration
Payroll administration would need, as its underlying platform, a well tested and comprehensive Human Resources software, supported by a strong track-record across multiple industries and over many years of processing. It is also important that the solution be from a reputable company with strong financial standing and client testimonies.
In an Outsourced payroll environment, the Client’s involvement in the above would just be a fraction of what it used to be. The outsourcer is focused on service delivery and uses People, Process and Technology to deliver timely and accurate services to their clients.
At CnetG, we define Payroll as a series of systematic processes with timelines and clear deliverables:
- Monthly Submissions of HR-Payroll Movements
- Client prepares monthly HR and Payroll movements data in pre-agreed templates and emails to CnetG for processing by submission deadline
- Client uses whatever other contractually agreed methods to communicate the same or other related information to CnetG
- Processing and Verification
- Movements are checked for most obvious errors and updated electronically or manually as the process allows, to the back-end payroll engine
- Monthly submissions are processed using pre-tested configurations and instructions
- Verification reports are sent to Client for approval
- Report Generation including preparation of Regulatory Submissions & Payslips
- Final reports are generated in pre-agreed formats and emailed to client
- Printed or e-Payslips are sent to Client for distribution to employees
- All defined Malaysian Regulatory reports are printed and submitted with payments from client by CnetG within their stipulated timelines
- Payment of Salaries and other Arrears
- CnetG prepares a Bank Sign-off file for HR/Finance to process and release all payments
- CnetG’s Salary Payment services are offered on an optional basis;
- General Ledger (GL) Reporting to Finance
- GL reports are prepared by CnetG in agreed formats or
- An automated GL interface file is generated every month for Finance to upload to their Accounting system (optional service where customization is required)
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